Moretown, Inc. had the following transactions in? 2017, its first year of? operations:
1. Issued 35,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $23.00 per share.
2. Earned net income of $75,000.
3. Paid no dividends.
At the end of? 2017, what is total? stockholders' equity?
A. $880,000
B. $35,000
C. $805,000
D. $75,000